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2. Payday loan - Wikipedia

   en.wikipedia.org/wiki/Payday_loan

   This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

3. Scott Tucker (businessman) - Wikipedia

   en.wikipedia.org/wiki/Scott_Tucker_(businessman)

   In 2001, Tucker founded an online business, AMG Services, that made payday loans even in states where these high-interest, low-principal loans were restricted or illegal. The business, which generated over $3.5 billion in revenue from just 2008 to June 2013, [1] ultimately made loans to at least 4.5 million Americans. [1]

4. Payday loans in the United States - Wikipedia

   en.wikipedia.org/wiki/Payday_loans_in_the_United...

   The statewide database does not allow a loan to be issued to a consumer by a licensed payday lender if the loan would result in a violation of state statute. A borrower's cumulative payday loans cannot exceed 25 percent of the individual's gross monthly income. [28] In 2017, the New Mexico Legislature banned payday loans. [29]

5. Critical factors to consider when taking out payday loans ...

   www.aol.com/finance/critical-factors-consider...

   Personal loans tend to have a minimum repayment term of 12 months, so you’d technically pay more in interest over the life of a loan compared to a payday loan ($205.55 vs. $153.42).

6. What are instant loans? Everything you need to know - AOL

   www.aol.com/finance/instant-loans-everything...

   Payday loans. Also called a cash advance, a payday loan doesn’t require collateral and may offer you cash on the same day you apply. You’re required to repay the loan — plus high interest ...

7. 6 types of emergency loans and their uses - AOL

   www.aol.com/finance/8-types-emergency-loans...

   3. Payday loans. A payday loan is a type of instant loan that lets you borrow $500 or less, usually without a credit check. Payday loans typically have to be repaid within two weeks or by your ...